A peak flow meter is a portable and easy-to-use device that can measure the ability of the lungs to expel air, provide readings with built-in digital scales, and thus measure the degree of obstruction in the airway. In the medical field, peak flow meters are widely used in the diagnosis and treatment of asthma patients, helping them track asthma control and take measures before symptoms worsen.
Overview of Market Development
Asthma is a common respiratory disease, and its number of patients is on the rise globally. Therefore, as an important tool for measuring respiratory rate and evaluating asthma conditions, the market demand for peak flow meters is also continuously increasing.
According to our research data, the global peak flow meter market revenue is expected to reach $148 million in 2024, an increase of 4.79% from 2023, and is expected to continue to increase to $196 million by 2029.
Segmented market analysis
From the perspective of product types, peak flow meters can usually be divided into two categories based on their working principles and characteristics: mechanical peak flow meters and electronic peak flow meters. Among them, mechanical peak flow meters dominate the market. Data shows that the global mechanical peak flow meter segment market is expected to reach $132 million in 2024, with an estimated market share of 88.99%.
From the perspective of application scenarios, the use of peak flow meters is mainly divided into two types: hospital use and home use. The data shows that the estimated share of peak flow meters used in hospitals and households worldwide in 2024 is 55.61% and 44.39%, respectively.
Global Peak Flow Meter Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global peak flow meter market is relatively low. Data shows that the top 3 companies are estimated to achieve a total revenue of $34 million for peak flow meters in 2024, with a total share of 22.97%. The top three companies are Omron, Philips, and Microlife, and their estimated peak flowmeter market revenue in the global market in 2024 is 9.47%, 7.29%, and 6.21%, respectively.
Peak Flow Meter Market Revenue and Share Forecast of Main Companies in 2024
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Companies
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Market Revenue (Million USD)
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Share
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Omron
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14.02
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9.47%
|
|
Philips
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10.79
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7.29%
|
|
Microlife
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9.19
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6.21%
|
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Top3
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34.00
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22.97%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Peak Flow Meter Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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